On Oct. 20, Amazon said it plans to employ more than 300,000 full-time, part-time and seasonal workers ahead of the peak shopping period, according to a press release. In 2025, Amazon pledged 250,000 holiday jobs, marking a 20% increase in jobs.
UPS, one of the largest U.S. shipping companies, announced on Oct. 7 it would hire 100,000 seasonal employees in 2026, down nearly 10% from the company’s 2025 holiday hiring target.
These announcements, together with fewer retailers providing recruitment headcounts ahead of the holidays are part of why experts say seasonal hiring is giving them “mixed signals,” says Andy Challenger, chief revenue officer of outplacement firm Challenger, Gray & Christmas.
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Federal Reserve Chairman Kevin Warsh said higher interest rates have had an effect on the artificial intelligence infrastructure buildout.
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Home remodelers have always served two different markets, but the current state of housing is now pulling them opposite directions.
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In April, the St. Louis Federal Reserve said estimates suggest the U.S. is short between 3 million and 5 million housing units.
Existing homes are also growing older, with the median age reaching around 43 years, a record high, according to Raymond James estimates. Nearly 60% of all standing homes were built before 1990, Raymond James said.
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"What are you waiting for?"
DoubleLine founder Jeff Gundlach told CNBC’s “Closing Bell” on Wednesday that it’s unclear why the Federal Reserve is waiting to hike rates further.
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